Roffman Miller Associates Inc. PA Buys 3,791 Shares of Discover Financial Services (DFS)

Roffman Miller Associates Inc. PA lifted its stake in Discover Financial Services (NYSE:DFS) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 227,037 shares of the financial services provider’s stock after acquiring an additional 3,791 shares during the quarter. Discover Financial Services makes up approximately 2.2% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 26th largest position. Roffman Miller Associates Inc. PA’s holdings in Discover Financial Services were worth $17,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in shares of Discover Financial Services by 2,483.3% in the third quarter. Grove Bank & Trust now owns 1,550 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,490 shares during the last quarter. Rational Advisors LLC purchased a new stake in shares of Discover Financial Services in the third quarter worth about $123,000. Americafirst Capital Management LLC purchased a new stake in shares of Discover Financial Services in the third quarter worth about $140,000. Arbor Investment Advisors LLC purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $203,000. Finally, Newman Dignan & Sheerar Inc. purchased a new stake in shares of Discover Financial Services in the fourth quarter worth about $217,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

In other Discover Financial Services news, CEO David W. Nelms sold 30,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $70.15, for a total transaction of $2,104,500.00. Following the completion of the transaction, the chief executive officer now owns 1,441,912 shares of the company’s stock, valued at $101,150,126.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Roger C. Hochschild sold 15,258 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $80.28, for a total value of $1,224,912.24. Following the transaction, the chief operating officer now directly owns 742,761 shares of the company’s stock, valued at approximately $59,628,853.08. The disclosure for this sale can be found here. In the last three months, insiders have acquired 55,000 shares of company stock valued at $16,300 and have sold 242,673 shares valued at $18,685,542. 0.96% of the stock is owned by corporate insiders.

DFS has been the topic of a number of recent research reports. ValuEngine downgraded Discover Financial Services from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays set a $95.00 target price on Discover Financial Services and gave the stock a “buy” rating in a research note on Friday, January 12th. Bank of America upgraded Discover Financial Services from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Monday, December 18th. Deutsche Bank started coverage on Discover Financial Services in a research report on Tuesday, January 2nd. They set a “buy” rating and a $92.00 price target on the stock. Finally, Jefferies Group reiterated a “buy” rating and set a $91.00 price target on shares of Discover Financial Services in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $85.61.

Discover Financial Services (NYSE DFS) opened at $73.00 on Friday. Discover Financial Services has a fifty-two week low of $57.50 and a fifty-two week high of $81.93. The company has a market capitalization of $27,845.86, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 1.55 and a debt-to-equity ratio of 2.52.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.92%. Discover Financial Services’s payout ratio is currently 25.88%.

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Discover Financial Services Company Profile

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries.

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Institutional Ownership by Quarter for Discover Financial Services (NYSE:DFS)

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